$25B contract draws Ontario, Alberta, BC property investors
`Halifax is now in the sightlines of real estate investors from coast to coast,` said Scott Bentley, a mortgage market specialist with Verico Premiere Mortgage in Halifax. `There are a lot of investors in other provinces, both with and without Halifax roots, now eyeballing, the Halifax market since the announcement.`
That interest is expected to steadily grow in the next year, with REIN head Don Campbell suggesting price growth will follow the same kind of trajectory and not the boom-bust of some Western markets coming to terms with their newfound economic wealth.
`If people are interested in getting into the market, they probably have about an 18-month window before the impact of the job and population growth first begins to be felt,` he told The Chronicle Herald.
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